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| Manufactured In-Park Loan |
Rates last updated on Friday, September 28, 2007
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Manufactured In-Park Loan
These loans are available to individuals seeking financing for a manufactured/mobile home in a park or leased land community. These loans require a minimum of 5% down for all purchase transactions. Cash-out loans are available up to 80% of the home's appraised value.
Term: 20 years
Maximum Amount: $150,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $7,170. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $15,000. Your actual APR may be different depending upon these factors.
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